Neptunus: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Neptunus
Largest movements
- Current investments -€540,000
down €540,000 (-73.0%), from €740,000 to €200,000
- Stocks and contracts +€519,115
new in 2025: €519,115
- Cash +€41,206
up €41,206 (+106.0%), from €38,871 to €80,076
mainly Current investments (+€540,000) and Receivables within one year (+€25,806)
- Receivables within one year -€25,806
down €25,806 (-87.6%), from €29,471 to €3,666
of which Trade receivables: -€28,406
- Tangible fixed assets -€9,103
down €9,103 (-10.2%), from €89,142 to €80,039
of which Plant, machinery and equipment: -€9,341
- Other debts -€21,267
down €21,267 (-10.0%), from €213,635 to €192,368
- Profit (loss) carried forward +€11,072
up €11,072 (+6.7%), from -€165,374 to -€154,302
- Gross operating margin -€7,136
down €7,136 (-36.6%), from €19,523 to €12,387
- Depreciation +€5,454
up €5,454 (+115.9%), from €4,706 to €10,160
- Financial income -€3,859
down €3,859 (-26.5%), from €14,571 to €10,712
- Financial charges -€3,198
down €3,198, from €3,132 to -€66
of which Non-recurring financial charges: -€3,000
- Other operating charges +€890
up €890 (+85.3%), from €1,043 to €1,933
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €898,947 | €883,389 | -€15,558 | -1.7% |
| Fixed assets | 21/28 | €89,142 | €80,039 | -€9,103 | -10.2% |
| Tangible fixed assets | 22/27 | €89,142 | €80,039 | -€9,103 | -10.2% |
| Plant, machinery and equipment | 23 | €86,784 | €77,444 | -€9,341 | -10.8% |
| Furniture and vehicles | 24 | €247 | €930 | +€683 | +276.3% |
| Other tangible fixed assets | 26 | €2,111 | €1,665 | -€445 | -21.1% |
| Current assets | 29/58 | €809,805 | €803,350 | -€6,454 | -0.8% |
| Stocks and contracts in progress | 3 | - | €519,115 | +€519,115 | |
| Stocks | 30/36 | - | €519,115 | +€519,115 | |
| Amounts receivable within one year | 40/41 | €29,471 | €3,666 | -€25,806 | -87.6% |
| Trade receivables | 40 | €28,853 | €448 | -€28,406 | -98.4% |
| Other amounts receivable | 41 | €618 | €3,218 | +€2,600 | +420.9% |
| Current investments | 50/53 | €740,000 | €200,000 | -€540,000 | -73.0% |
| Cash at bank and in hand | 54/58 | €38,871 | €80,076 | +€41,206 | +106.0% |
| Deferred charges and accrued income | 490/1 | €1,463 | €494 | -€969 | -66.3% |
| Total equity and liabilities | 10/49 | €898,947 | €883,389 | -€15,558 | -1.7% |
| Equity | 10/15 | -€121,974 | -€110,902 | +€11,072 | +9.1% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,374 | -€154,302 | +€11,072 | +6.7% |
| Amounts payable | 17/49 | €1,020,921 | €994,291 | -€26,630 | -2.6% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Other amounts payable | 178/9 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,921 | €194,291 | -€26,630 | -12.1% |
| Trade debts | 44 | €2,446 | €798 | -€1,648 | -67.4% |
| Suppliers | 440/4 | €2,446 | €798 | -€1,648 | -67.4% |
| Advances received on contracts in progress | 46 | €4,840 | - | -€4,840 | |
| Taxes, remuneration and social security | 45 | - | €1,125 | +€1,125 | |
| Taxes | 450/3 | - | €1,124 | +€1,124 | |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €213,635 | €192,368 | -€21,267 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,706 | €10,160 | +€5,454 | +115.9% |
| Other operating charges | 640/8 | €1,043 | €1,933 | +€890 | +85.3% |
| Gross operating margin | 9900 | €19,523 | €12,387 | -€7,136 | -36.6% |
| Operating profit (loss) | 9901 | €13,774 | €294 | -€13,480 | -97.9% |
| Financial income | 75/76B | €14,571 | €10,712 | -€3,859 | -26.5% |
| Recurring financial income | 75 | €14,571 | €10,712 | -€3,859 | -26.5% |
| Financial charges | 65/66B | €3,132 | -€66 | -€3,198 | |
| Recurring financial charges | 65 | €132 | -€66 | -€198 | |
| Non-recurring financial charges | 66B | €3,000 | - | -€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €25,213 | €11,072 | -€14,141 | -56.1% |
| Profit (loss) for the period | 9904 | €25,213 | €11,072 | -€14,141 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,213 | €11,072 | -€14,141 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.